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On the floor indicator light above the elevator door, the number '2' changes to a '12' in the blink of an eye. The Empire State Building elevator bounds upward at least 10 floors at a time and the swift change in altitude causes the ears to pop. The elevator leaves its passengers out a few stories below the 86th floor Observatory Deck where one of the most spectacular, panoramic views of New York City extends outward from the center of downtown Manhattan.
The Empire State building may have been completed in 1930, but skyscrapers like it did not have their heyday until the 1980s. It was then that they took over the landscape of American cities and revealed that the free love, protest, and solidarity of the 60s and 70s was being replaced by business interests and a quest for fortune.
From 1980 to 1982, the United States was in the midst of its worst economic recession since World War II. In order to combat the downturn in the economy, President Ronald Reagan cut taxes in all sectors of society hoping to inspire businesses and monied individuals to spend and build and invest. The philosophy behind this economic policy was that by creating tax breaks, the subsequent benefits of new economic growth would 'trickle down' into the poorer sectors, create jobs, and form a wealthier society overall. This 'trickle down' approach to economic policy became known as Reaganomics and made the 80's a very good time to be rich.
To go or not to go, that was my question
Businesses and wealthy Americans reacted to the tax breaks. They turned the recession around and created one of the most memorable periods of economic growth in US history. Successful businessmen became cultural icons. Real estate developer, Donald Trump, for example, amassed a vast supply of property in New York City, earned a fortune beyond 2 billion dollars, and entered into the realm of American 'royalty'. He and the 50 other men who became billionaires at the time began to symbolize what many consider an era of wealth, prestige, and power.
While incomes among America's wealthiest sectors increased by over 246%, what happened to the working class and the poor??!! They received tax-breaks too, right?
On top of that, the mania of spending and wealth in the 80s NEVER 'trickled down' into the poorer sections of society. Wealthy businessmen and investors redistributed and reinvested wealth amongst themselves. Reaganomics also put a freeze on the minimum wage. In contrast to the wealthy sectors of the US, income levels for the working class remained steady in a constantly growing economy. As inflation grew year by year, the working class effectively became poorer and poorer.
The hardened effects that Reaganomics had on working class lives made it a people's issue. The effects that it had on industry made it an environmental and health issue as well. In order to inspire growth and profit making, Reaganomics cut costs for industries much like it cut taxes for the rich. Reagan removed governmental controls over many industries and in doing so removed a government watchdog over industrial practices which had provided an impetus for environmental responsibility. Industries received a free license to pollute.
The Adirondacks region of upstate New York largely felt the effects of Reagan era environmental carelessness. The mountains and lakes of the Adirondacks comprise the largest state park in the US. Continually exposed to southwestern winds, everything in the atmosphere from the Midwest to the Great Lakes makes its way up to western regions of New York sooner or later.
The atmosphere in the Midwest is critically significant to the Adirondacks because the coal burning plants there emit nitrogen oxides and sulfur dioxides into the air. As these compounds enter the atmosphere, they form acids that are carried to the Adirondacks in clouds and that are eventually dropped in the environment in the form of acid rain. Trees rot, lakes die, and the natural life cycles become disrupted.
This 80s business about Reaganomics, deregulation, and environmental abuse all happened before you were born or while you were very young, but if it seems like some crazy tale of mixed-up priorities that will never be repeated, think again. Consider California. There, the state is presently in an energy crisis because of none other than--you guessed it--deregulation. A handful of energy suppliers have lost their government funding and gone bankrupt, leaving Californians with hefty bills and no power.
Using the current energy crisis in California, President Bush is arguing to explore oil-drilling options in the Arctic National Wildlife Refuge to increase the country's oil reserves. Environmentalists are concerned that oil drilling will upset the ecological balance of the area while Native American activists argue that the project will negatively impact if not destroy Native American tribes that rely on the area for food.
Puzzling. At the brink of supporting business and economic development over environmental and human interests, has the US really evolved from its history in the 1980s?
Stephen
Please email me at:
stephen@ustrek.org
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